Invesco Fundamental High Yield® Corporate Bond ETF (PHB)
PHB is a passive ETF by Invesco tracking the investment results of the RAFI Bonds US High Yield 1-10 Index. PHB launched on Nov 15, 2007 and has a 0.50% expense ratio.
ETF Info
| ISIN | US73936T5570 |
|---|---|
| CUSIP | 46138E719 |
| Issuer | Invesco |
| Inception Date | Nov 15, 2007 |
| Region | North America (U.S.) |
| Category | High Yield Bonds |
| Index Tracked | RAFI Bonds US High Yield 1-10 Index |
| Asset Class | Bond |
Expense Ratio
PHB features an expense ratio of 0.50%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco Fundamental High Yield® Corporate Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco Fundamental High Yield® Corporate Bond ETF had a return of 3.32% year-to-date (YTD) and 9.68% in the last 12 months. Over the past 10 years, Invesco Fundamental High Yield® Corporate Bond ETF had an annualized return of 3.64%, while the S&P 500 had an annualized return of 10.64%, indicating that Invesco Fundamental High Yield® Corporate Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.32% | 13.78% |
| 1 month | 1.17% | -0.38% |
| 6 months | 3.64% | 11.47% |
| 1 year | 9.68% | 18.82% |
| 5 years (annualized) | 3.34% | 12.44% |
| 10 years (annualized) | 3.64% | 10.64% |
Monthly Returns
The table below presents the monthly returns of PHB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.13% | -0.15% | 1.27% | -1.50% | 1.62% | 0.43% | 3.32% | ||||||
| 2023 | 3.12% | -2.18% | 2.39% | 0.13% | -0.44% | 1.25% | 0.99% | -0.30% | -1.67% | -0.34% | 4.94% | 3.01% | 11.20% |
| 2022 | -2.68% | -0.86% | -1.19% | -3.88% | 2.16% | -5.80% | 5.89% | -3.82% | -3.40% | 3.00% | 3.52% | -1.37% | -8.76% |
| 2021 | -0.46% | 0.21% | 0.72% | 0.66% | 0.13% | 1.05% | 0.22% | 0.62% | -0.35% | 0.01% | -1.29% | 1.78% | 3.32% |
| 2020 | -0.30% | -1.05% | -11.83% | 6.41% | 3.34% | 0.35% | 4.90% | 0.25% | -1.57% | 0.39% | 3.90% | 1.52% | 5.20% |
| 2019 | 4.67% | 1.05% | 0.84% | 1.10% | -1.20% | 2.79% | 0.24% | 1.02% | 0.18% | 0.13% | 0.55% | 1.55% | 13.59% |
| 2018 | -0.19% | -1.14% | 0.02% | 0.02% | 0.03% | -0.19% | 1.46% | 0.63% | 0.29% | -1.38% | -0.59% | -1.64% | -2.70% |
| 2017 | 0.86% | 0.58% | -0.21% | 1.16% | 0.62% | 0.39% | 0.60% | 0.01% | 0.69% | 0.17% | -0.02% | 0.16% | 5.12% |
| 2016 | -1.33% | 1.47% | 3.18% | 3.00% | -0.25% | 1.85% | 1.33% | 1.57% | 0.80% | -0.64% | -0.14% | 1.52% | 12.98% |
| 2015 | 0.27% | 2.34% | -0.58% | 0.78% | -0.11% | -1.23% | -0.44% | -1.14% | -1.96% | 2.77% | -1.65% | -2.01% | -3.04% |
| 2014 | 0.69% | 2.05% | -0.39% | 0.84% | 0.83% | 0.36% | -1.90% | 1.98% | -1.82% | 1.08% | -1.00% | -0.31% | 2.35% |
| 2013 | 0.39% | 0.34% | 1.02% | 1.63% | -1.72% | -2.49% | 2.44% | -0.89% | 0.54% | 2.78% | 0.18% | 0.23% | 4.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PHB is 81, placing it in the top 19% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco Fundamental High Yield® Corporate Bond ETF (PHB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco Fundamental High Yield® Corporate Bond ETF granted a 5.42% dividend yield in the last twelve months. The annual payout for that period amounted to $0.98 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.98 | $0.85 | $0.60 | $0.65 | $0.76 | $0.78 | $0.78 | $0.78 | $0.86 | $0.82 | $0.84 | $0.89 |
Dividend yield | 5.42% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% | 4.48% | 4.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Fundamental High Yield® Corporate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.07 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.57 | |||||
| 2023 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $0.85 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.60 |
| 2021 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.65 |
| 2020 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.76 |
| 2019 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.78 |
| 2018 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.78 |
| 2017 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.78 |
| 2016 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.86 |
| 2015 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.07 | $0.07 | $0.82 |
| 2014 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.84 |
| 2013 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.89 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Fundamental High Yield® Corporate Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Fundamental High Yield® Corporate Bond ETF was 44.80%, occurring on Oct 10, 2008. Recovery took 811 trading sessions.
The current Invesco Fundamental High Yield® Corporate Bond ETF drawdown is 0.27%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.8% | Dec 12, 2007 | 209 | Oct 10, 2008 | 811 | Dec 29, 2011 | 1020 |
| -21.52% | Feb 24, 2020 | 21 | Mar 23, 2020 | 95 | Aug 6, 2020 | 116 |
| -13.76% | Sep 15, 2021 | 261 | Sep 27, 2022 | 305 | Dec 13, 2023 | 566 |
| -10.19% | Apr 28, 2015 | 201 | Feb 11, 2016 | 79 | Jun 6, 2016 | 280 |
| -6.39% | May 9, 2013 | 32 | Jun 24, 2013 | 134 | Jan 3, 2014 | 166 |
Volatility
Volatility Chart
The current Invesco Fundamental High Yield® Corporate Bond ETF volatility is 1.11%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.